BrightView Holdings, Inc. (NYSE:BV) Shares Sold by Kohlberg Kravis Roberts & Co. L.P.

Kohlberg Kravis Roberts & Co. L.P. lowered its stake in BrightView Holdings, Inc. (NYSE:BV) by 34.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 33,133,123 shares of the company’s stock after selling 17,500,000 shares during the quarter. BrightView accounts for about 13.2% of Kohlberg Kravis Roberts & Co. L.P.’s portfolio, making the stock its 3rd biggest holding. Kohlberg Kravis Roberts & Co. L.P. owned 35.06% of BrightView worth $440,671,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BV. Teacher Retirement System of Texas acquired a new position in shares of BrightView during the fourth quarter valued at approximately $92,000. Aigen Investment Management LP acquired a new position in BrightView in the 4th quarter valued at $94,000. Innealta Capital LLC purchased a new position in BrightView in the 2nd quarter valued at $102,000. Dynamic Technology Lab Private Ltd acquired a new stake in BrightView during the 4th quarter worth $128,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of BrightView during the first quarter worth $155,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BV shares. JPMorgan Chase & Co. boosted their price target on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Loop Capital upgraded BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. Jefferies Financial Group raised BrightView from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Baird R W raised BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group raised their target price on BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.47.

BrightView Price Performance

NYSE:BV opened at $15.29 on Wednesday. BrightView Holdings, Inc. has a 52 week low of $6.58 and a 52 week high of $16.26. The stock’s fifty day moving average is $14.79 and its two-hundred day moving average is $13.29. The company has a market capitalization of $1.44 billion, a P/E ratio of 76.45 and a beta of 1.29. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.64.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The company had revenue of $738.80 million for the quarter, compared to analysts’ expectations of $736.94 million. BrightView had a net margin of 2.06% and a return on equity of 6.27%. BrightView’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. Equities analysts expect that BrightView Holdings, Inc. will post 0.66 EPS for the current year.

About BrightView

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.